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1、1中文 中文 5800 字, 字,3700 單詞, 單詞,20500 英文字符 英文字符文獻(xiàn)出處: 文獻(xiàn)出處:Khan R I, Aslam H D, Lodhi I. Compensation Management: A strategic conduit towards achieving employee retention and Job Satisfaction in Banking Sector of Pakistan[J]
2、. International journal of human resource studies, 2011, 1(1): 89-97.Compensation Management: A strategic conduit towards achieving employee retention and Job Satisfaction in Banking Sector of PakistanKhan R I, Aslam H D
3、, Lodhi I.AbstractThis paper explores some basic facts about one of the very important aspect of HRM that is Compensation Management and how it affects the job satisfaction and employee retention in banking sector of Pak
4、istan. This paper seeks to add some contribution towards the compensation management in the banking sector of Pakistan. Researchers have analyzed the success factors of one of the leading bank of Pakistan as a case study
5、 in current research in order to explore the leading satisfactory factors, issues and challenges regarding compensation policy of the case study bank. A sample of 450 employees of case study bank has been selected for cu
6、rrent research using questionnaire and in depth interviews as leading technique of data collection. Research reveals the changing trend of employees from financial rewards to non financial rewards as well. Along with var
7、ious success factors by which bank retains its employees, results have shown that work overload, lack of practical approach towards training and seniority oriented incentive plans are some of the major issues which need
8、immediate attention by the administration.Keywords: Compensation, incentives and benefits, bankers, motivation, satisfaction.1. IntroductionHuman resources are the most precious assets of any organizations. They are the
9、corner stone of any working place. They carry out everyday operations including the customer dealing, managing the cash flows, running the machines, decision making, counseling of their subordinates, and including many o
10、ther vital functions of the organization. People make machines and people run machines. Henry Ford, an American Industrialist pointed out the importance of Human resources by saying: “Take my business, burn up my buildin
11、g, but give me my people and 3The banking sector of the Pakistan dominates the financial services and their prominence has become more visible in last ten years. Various banks in Pakistan have dramatically progressed in
12、their capacity, size, financial outcome and service reputation. Consequently, banking sector of Pakistan has offered employment in various departments with reasonable pay packages and working environment where employees
13、perform with their zeal and zest.One prominent name in banking sector of Pakistan is of Habib Bank Limited (HBL). HBL has the largest commercial banking network, providing the growth and escalation opportunities to its e
14、mployees. The bank has a network of more than 1450 branches in Pakistan and operates in more than 55 countries. Its head office is situated in Karachi, Pakistan. With the increasing competition, the employees of HBL stri
15、ve hard to provide high quality services to its customers. HBL had got the Pakistan best bank award in 2008 which motivates the researchers to conduct in depth case study analysis of compensation system of the said bank.
16、 As HBL is considered to be one of the leading banks in Pakistan which is creating its employer brand image in Pakistani economy, researchers have investigated the current compensation management system along with its is
17、sues and challenges in present study. The objectives of research is? To analyze different Compensation Management systems being implemented in case study bank.? To explore the current challenges and issues regarding comp
18、ensation system of HBL.2. Literature ReviewOne of the most integral and utmost part of the management of any organization is the Compensation Management. It is a systematic and periodic approach through which employees a
19、re being rewarded for their efforts which they inset at their workplaces. Compensation is comprised of wages, incentives, rewards and other benefits given to the workers. The employees of 21st century work not only for t
20、he monetary rewards but also for something “extra” and in Human Resource Management this is referred to as “Benefits”.Rewards are of different types depending on their nature. Rewards have been distinguished in the follo
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